Sumitomo Mitsui Financial SMFG
NYSE SMFG
$26.55 +0.24 (+0.91%)
As of: Sep 10, 2026 · 2:49 PM EDT

Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026)

Sumitomo Mitsui Financial's (SMFG) quarterly Tax Rate came in at 26.82% in Q2 2026, up 559.0% year-over-year from 4.07% in Q2 2025, and down 35.84% quarter-over-quarter from 41.8% in Q1 2026.

Analysis

Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026) Analysis & Trends

Sumitomo Mitsui Financial has disclosed Tax Rate across 18 years of filings, most recently posting 26.82% for Q2 2026.

  • In Q2 2026, Tax Rate rose 559.0% year-over-year to 26.82%; the TTM figure through Jun 2026 stood at 17.45% (up 9278.0% YoY), while the FY2026 annual figure was 0.63%, up 23.0% from the prior year.
  • Tax Rate came in at 26.82% for Q2 2026 at Sumitomo Mitsui Financial, down from 41.8% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 46.05% in Q3 2024 to a low of 104.19% in Q4 2023.
  • Average Tax Rate over 5 years is 11.47%, with a median of 24.74% recorded in 2026.
  • Year-over-year, Tax Rate sank 7824 bps in 2023 and jumped 7121 bps in 2024.
  • Over 5 years, Tax Rate stood at 25.95% in 2022, then slumped by 301 bps to 104.19% in 2023, then jumped by 68 bps to 32.98% in 2024, then retreated by 3 bps to 33.96% in 2025, then jumped by 179 bps to 26.82% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 26.82% in Q2 2026, 41.8% in Q1 2026, and 33.96% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Bank Of America 2,119.43 Bn 1,530.93 Bn 30.39 Bn 21.54%
2 Morgan Stanley 331.20 Bn 171.06 Bn - 23.07%
3 Goldman Sachs 305.27 Bn -671.08 Bn - 22.60%
4 Mitsubishi Ufj Financial 296.69 Bn -87.63 Bn 10.89 Bn 24.29%
5 Royal Bank Of Canada 289.34 Bn 62.45 Bn - 22.26%
6 Wells Fargo & Company 270.60 Bn 66.63 Bn - 17.42%
7 American Express 216.86 Bn 167.54 Bn 17.99 Bn 23.61%
8 Banco Santander 214.76 Bn 222.37 Bn 28.01 Bn -
9 Toronto Dominion Bank 206.17 Bn 44.84 Bn - -38.63%
10 Sumitomo Mitsui Financial 102.01 Bn 102.01 Bn 8.81 Bn 26.82%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 26.82%
Mar 31, 2026 41.80%
Dec 31, 2025 -33.96%
Sep 30, 2025 18.62%
Jun 30, 2025 21.23%
Mar 31, 2025 34.67%
Dec 31, 2024 -32.98%
Sep 30, 2024 46.05%
Jun 30, 2024 27.94%
Mar 31, 2024 19.44%
Dec 31, 2023 -104.19%
Sep 30, 2023 21.21%
Jun 30, 2023 27.96%
Mar 31, 2023 29.99%
Dec 31, 2022 -25.95%
Sep 30, 2022 22.67%
Jun 30, 2022 26.96%
Mar 31, 2022 38.22%
Dec 31, 2021 -33.55%
Sep 30, 2021 27.07%